James Cox Sells 7,425 Shares of Clearwater Analytics (NYSE:CWAN) Stock

by · The Markets Daily

Clearwater Analytics Holdings, Inc. (NYSE:CWAN – Get Free Report) CFO James Cox sold 7,425 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $22.00, for a total value of $163,350.00. Following the completion of the sale, the chief financial officer directly owned 328,983 shares in the company, valued at approximately $7,237,626. This trade represents a 2.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Clearwater Analytics Price Performance

Shares of CWAN opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $6.51 billion, a P/E ratio of 14.54, a PEG ratio of 5.78 and a beta of 0.67. Clearwater Analytics Holdings, Inc. has a 12 month low of $15.73 and a 12 month high of $32.00. The stock has a fifty day moving average price of $19.87 and a 200 day moving average price of $20.34.

Clearwater Analytics (NYSE:CWAN – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Clearwater Analytics had a net margin of 61.28% and a return on equity of 2.77%. The firm had revenue of $205.11 million for the quarter, compared to analyst estimates of $203.66 million. During the same period last year, the firm posted $0.14 EPS. The business’s revenue was up 77.1% compared to the same quarter last year. On average, research analysts forecast that Clearwater Analytics Holdings, Inc. will post 0.18 earnings per share for the current year.

Clearwater Analytics declared that its board has approved a stock repurchase program on Wednesday, September 3rd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to reacquire up to 1.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on CWAN. Weiss Ratings reiterated a “hold (c)” rating on shares of Clearwater Analytics in a research report on Monday. DA Davidson reiterated a “buy” rating and set a $30.00 price target on shares of Clearwater Analytics in a research report on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating and set a $27.00 price target on shares of Clearwater Analytics in a report on Monday, November 24th. Wall Street Zen cut shares of Clearwater Analytics from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Clearwater Analytics in a research report on Wednesday, September 17th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.56.

Read Our Latest Stock Report on CWAN

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CWAN. FNY Investment Advisers LLC raised its position in Clearwater Analytics by 409.9% in the third quarter. FNY Investment Advisers LLC now owns 3,411 shares of the company’s stock worth $61,000 after acquiring an additional 2,742 shares in the last quarter. Swiss Life Asset Management Ltd acquired a new position in shares of Clearwater Analytics in the 3rd quarter worth approximately $211,000. CIBC Bancorp USA Inc. bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth approximately $474,000. Danske Bank A S bought a new stake in shares of Clearwater Analytics in the 3rd quarter worth approximately $36,000. Finally, Morningstar Investment Management LLC acquired a new stake in Clearwater Analytics during the third quarter valued at approximately $965,000. Institutional investors own 50.10% of the company’s stock.

Clearwater Analytics Company Profile

(Get Free Report)

Clearwater Analytics LLC is a global provider of web-based investment portfolio accounting, reporting, and analytics solutions. The company’s software-as-a-service platform automates complex processes involved in investment data aggregation, reconciliation, valuation, and regulatory reporting. Serving institutional investors—including insurers, asset managers, corporations, government entities, and asset owners—Clearwater Analytics enables clients to optimize performance visibility, risk management, and operational efficiency.

Founded in 2004 and headquartered in Boise, Idaho, Clearwater Analytics has grown its global footprint with offices across North America, Europe, and the Asia-Pacific region.

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